Better Times in Rio

Special Report Brazil: The country's economy is growing nicely, although the stock market has sold off sharply this year. Where to find bargains.

Last week's cover story ("Better Times in Rio") reversed the exchange rate for the Brazilian real against the U.S. dollar. As of Nov. 4, one dollar was worth 1.75 reals.

Brazil's once-sizzling economy has cooled this year, but the long-term outlook is sunny. With a growing middle class, healthy banking system, stable government, abundant natural resources and globally-focused companies, the world's seventh-largest economy has become a beacon for foreign capital and the engine of regional growth. Gone are the...